Equinix EPS Beats Estimates as Funds Increase Stakes and Analysts Reiterate Buys
Adelante Capital Management bought 123,901 shares of Equinix, and other funds also increased holdings, including Sumitomo Mitsui DS Asset Management and Generali Asset Management. Northwestern Mutual Wealth Management and Nomura Asset Management reported additional purchases as well. Equinix posted $11.78 earnings per share for the quarter, topping analysts’ $4.73 estimate, alongside reiterated buy or outperform ratings.